-people who are most hurt by globalization are blue collar workers who used to have factory jobs in developed nations
-A lighting company where 2/3 of the jobs have gone to asian competitors.
-Only 1 in 4 workers in developed
-More and more productions jobs have been lost because companies
fighting against this corporate greed driven race to the bottom on wages, living standards, and environemntal issues. Where the country that will sell its labor for the cheapest price will attract all the businesses
-We don't mind fair competition, but not Asia
 
-Globalization is a very efficient engine for matching capital up to labor and employs people where they can be used most productively in the world economy
-Problem occurs where low skilled workers are in competition with workers in poor countries. Every job thats lost in western countries may create 3 or 4 jobs in developing countries.
    -Local inequality in modern countries may be a sacrifice to pay for raising living conditions elsewhere
-Globalization is tending to equalize wages across a global scale.
 
-For the majority of workers in the United States, globalization has meant longer work hours to maintain stagnating wages. It has a lot to do with the threat of job transfer, so one doesn't ask for wage increase
 
 
 
---Overall, who benefits from the global economy?---
Those who benefit the global economy
 
 
Why are low-wage workers at a disadvantage in cities like Philadelphia?
What do you suggest workers do to succeed within the current economic climate?
What is the “race to the bottom”?